Suncity expects to post 2020 profit despite revenue plunge

Suncity Group said it expects to record a profit attributable to shareholders of the Company of approximately RMB750.4 million as compared to the loss attributable to shareholders of the Company of RMB1,484.3 million for 2019.

That’s despite plunging revenue, which fell from RMB611.8 million to RMB199.3 million as compared to those in the year ended 31 December.

Suncity profit alert (Company filing)